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American International Group Reaches New 52-Week High (AIG)

American International Group (NYSE:AIG) hit a new 52-week high Monday as it is currently trading at $35.59, above its previous 52-week high of $35.42 with four million shares traded as of 10:41 a.m. ET. Average volume has been 22.5 million shares over the past 30 days.

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- American International Group (NYSE: AIG) hit a new 52-week high Monday as it is currently trading at $35.59, above its previous 52-week high of $35.42 with four million shares traded as of 10:41 a.m. ET. Average volume has been 22.5 million shares over the past 30 days.

American International Group has a market cap of $56.97 billion and is part of the financial sector and insurance industry. Shares are up 50.6% year to date as of the close of trading on Friday.

American International Group, Inc. engages in the provision of insurance products and services for the commercial, institutional, and individual customers in the United States and internationally. The company operates in three segments: Chartis, SunAmerica Financial Group, and Aircraft Leasing. The company has a P/E ratio of three, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates American International Group as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and notable return on equity. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and feeble growth in the company's earnings per share. You can view the full American International Group Ratings Report.